Oasis Petroleum Target of Unusually High Options Trading (NYSE:OAS)

Oasis Petroleum Inc. (NYSE:OAS) saw unusually large options trading activity on Friday. Stock traders bought 7,966 call options on the company. This is an increase of 304% compared to the average daily volume of 1,974 call options.

A number of brokerages recently issued reports on OAS. UBS AG upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. ValuEngine upgraded shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $19.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, June 8th. Finally, Williams Capital upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.53.

In other news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the transaction, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the company. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum during the second quarter valued at $121,000. Teacher Retirement System of Texas raised its stake in shares of Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares during the period. Bourgeon Capital Management LLC purchased a new stake in shares of Oasis Petroleum during the second quarter valued at $161,000. DekaBank Deutsche Girozentrale raised its stake in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Oasis Petroleum during the second quarter valued at $167,000. 97.15% of the stock is owned by institutional investors.

Shares of Oasis Petroleum (NYSE:OAS) traded up 11.34% during midday trading on Friday, hitting $8.05. 16,639,690 shares of the stock were exchanged. The firm’s market capitalization is $1.91 billion. The stock’s 50-day moving average price is $7.93 and its 200-day moving average price is $11.58. Oasis Petroleum has a 1-year low of $6.67 and a 1-year high of $17.08.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.48% and a negative net margin of 5.16%. The firm had revenue of $254.10 million during the quarter, compared to analyst estimates of $255.41 million. During the same period last year, the firm posted ($0.11) EPS. The business’s revenue was up 42.0% compared to the same quarter last year. On average, analysts forecast that Oasis Petroleum will post ($0.15) EPS for the current year.

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Oasis Petroleum Company Profile

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.